TradeProfits

Million Dollar Pips – Forward Test Discontinued

Posted on 07. Dec, 2011 by Jakob.

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I started to live test the new EA Million Dollar Pips close to one month ago. Since then, performance has gone in one direction only – Down. You can read the details of the setup here Million Dollar Pips – Live Test Running. Read more... (499 words, 1 image, estimated 2:0 mins reading time)

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Million Dollar Pips – Live Test Running

Posted on 15. Nov, 2011 by Jakob.

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It was my intention to start this live forward test some time ago but due to a busy schedule, I simply haven’t had the time to set everything up the way I wanted it. I have spent the last week London with a very tight schedule. Now I finally had some hours to get things started. Read more... (463 words, 1 image, estimated 1:51 mins reading time)

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Market Leder – FxStat, Currensee or MyFxBook?

Posted on 22. Oct, 2011 by Jakob.

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FxStat has been around for some time and their popularity is increasing, which is not surprising. The first time I went to the site I thought of it as a completely copy of MyFxBook. Although there are many similarities, the two sites still follow their own trajectory. I have had a very solid opinion of my preferred “social” forex website (which has been reflected on here on TradeProfits) but I am starting to lean a bit more to the other side. With the recent addition to FxStat of Market Leader, I thought it would be a good idea to look closer at the main three social forex websites. Read more... (1636 words, 5 images, estimated 6:33 mins reading time)

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New Publishing Method – MyFxBook

Posted on 27. Apr, 2011 by Jakob.

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MyFxBook has been working on a new publishing method, and it seems like they have done a really good job! Connecting to MyFxBook has never been much of an issue in my opinion but if you are new to MetaTrade 4 obviously things can be a bit complicated. With the new publishing method on MyFxBook you can set up a new account within a couple of seconds. I just made a test of it this morning, and it works like a charm. This new way to connect MyFxBook to your MetaTrader 4 platform requires absolutely no technical skills and takes no more than a couple of seconds to set things up. Read more... (258 words, estimated 1:02 mins reading time)

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Forex Power Indicator

Posted on 25. Apr, 2011 by Jakob.

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My good friend Casey Stubbs from Winners Edge Trading has created a new trading tool which can help you identify the weakest currency against the strongest one in the market, and that way easily identify strong trends. Forex Power Indicator is free of charge and you can check it out right here. The site has a great look and the indicator works flawlessly. If you are unsure how to get started with the Forex Power Indicator, Casey has a video on the site to help you get started. This site is a part of a new mentor group which will be launched within a short period of time. I have been with Casey and his group for a long period of time now and I can definitely vouch for his credibility and knowledge about the forex market. Casey also promised we will see more cool tools in the future. Go over to take a closer look at the forex power indicator.

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NFP Whipsaw Friday – Oracle Trader Is the S…

Posted on 06. Sep, 2010 by Jakob.

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Last Friday we had Non-Farm Payroll and a bunch of other news releases. The entire day was apparently affected by low liquidity and when Non-Farm Payroll numbers came out the market went crazy. With the better than expected number on NFP and the revision from last month, it was obviously very dollar positive and was represented with an immediate spike of 90 pips on EUR/JPY within seconds. I was trading the NFP with Oracle Trader just as recommended by Dustin pass, and set it up for EUR/JPY with a trigger deviation of 50 (if I remember correct). This triggered a long trade on EUR/JPY and although there was a bit of slippage, I did get a fill and was looking at profit within seconds. That is the beauty of this thing. You know exactly when to trade and how to trade, and a couple of minutes later you walk away with profit. I am not saying that this works wonders on all releases and with all brokers, but there are a lot of people claiming that spike trading is dead, and I have to disagree. It just requires a bit of work, but if you get everything set up the right way, it is definitely one of the greatest ways to trade the currency market. Check out Oracle Trader here.

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Oracle Trader is Out – Grab your Copy Now

Posted on 10. Aug, 2010 by Jakob.

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Last week there was a lot of buzz about Oracle Trader. Dustin Pass and his team hosted a bunch of webinars and yesterday they opened the doors for Oracle Trader to everyone. Now first of all I should mention that I have received an email from one of my readers, who told me that the trial version of Oracle Trader which you could download for free, did not have the auto clicking feature, hence it could not be used to trade the market last Friday. I was under the impression that the trial version had all the same features as the real one, but it turned out that I was wrong. I am sorry about this because in the mails I have sent out, I have made it seem like you could grab a free trial version and give it a test-run and obviously this has not been possible. I have told you guys that I will not endorse anything that I have not tried and due to my emails, it might seem like I haven’t tried it. However, I have and I know that it works; otherwise I would not be posting or sending out emails about it. Read more... (590 words, estimated 2:22 mins reading time)

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Oracle Trader made close to 200 Pips Today

Posted on 06. Aug, 2010 by Jakob.

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I have been writing about this all week. Oracle Trader is a software which will help you spike trade the news, and today has been one of the best days to utilize Oracle Trader due to Canadian Employment data and Non-Farm Payroll. Dustin has just finished the video for today, where you can see how Oracle Trader makes Dustin and all the members close to $2.300 in a matter of seconds. It really doesn’t get a whole lot better than this. See the video here. Dustin is hosting a final webinar today at 3 PM EST which is free to attend. If you want to test a free copy of Oracle Trader and get more information about how it works, I strongly recommend you to join in on this free webinar. Sign up here. You do not want to miss this.

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Major Discount on Oracle Trader – The Best Opportunity to Try it Tomorrow (For Free)

Posted on 05. Aug, 2010 by Jakob.

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First of all, watch this short video how Dustin makes more than $2.500 in less than 7 seconds. The guys behind Oracle Trader hosted a bunch of webinars yesterday and again today. I had signed up for one of them yesterday and as I was a bit late I could not log in because the room was full. Apparently there have been a lot of interested traders who wanted more information about the Oracle Trader. Now I am going to do a video review and write blog posts with more information. But for now, I have been told that if you attend the webinar you will be given a one-time possibility to get a pretty good discount on Oracle Trader which will be gone by the end of today. So if you want to get Oracle Trader at a discounted rate, you should attend today’s last webinar at 08.00 PM EST. You can sign up for this free webinar right here. This is also the perfect chance as you will learn how the Oracle Trader actually works; afterwards (or before) you can grab a free copy of Oracle Trader and use it to trade tomorrows big news events – Non-Farm Payroll, Canadian Employment Data and UK Industrial Production. This is some of the biggest market movers of the month and you could easily make money enough to pay for an entire year’s membership to Oracle Trader, by trading the news events tomorrow with the free version of Oracle Trader. Grab a free copy here while you still can and sign up here for the last free webinar of the day right here. You don’t want to miss out on this one. There will be no better day to trade with Oracle Trader than tomorrow when NFP is released. Stay tuned for more information about Oracle Trader.

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MYFX – Optimize MetaTrader

Posted on 29. Jul, 2010 by Jakob.

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MyFx is software which connects to your metatrader platform and helps you to manage trades in several different ways. First of all, it should be mentioned that this is a commercial program which is sold here for $250. However, you can grab a free trial to test it and this is what I have done; now I am seriously considering buying it. Although the price is a bit high, it is a one-time fee and you got a software which I really think can enhance your trading. Let´s cover some of the features in MyFx. Read more... (375 words, estimated 1:30 mins reading time)

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